Eyelit Announces Record Revenue and Profit From Its Manufacturing
Execution (MES) and Quality (QMS) Software for the Fourth Quarter and
Full Year of 2017

Total company revenue growth exceeded 50% in 2017

March 29, 2018 01:06 PM Eastern Daylight Time

TORONTO--(BUSINESS WIRE)--Eyelit Inc. announced record revenue for the fourth quarter and for the
full year of 2017. The company also recognized a significant increase in
its profitability.

Eyelit’s 2017 fourth quarter growth of over 60% in top-line revenue was
driven by Enterprise customers with active Eyelit deployment projects in
North America, Europe and Asia. During the quarter Eyelit’s Services
revenue doubled, recurring revenue grew by over 25%, and software
license revenue grew by over 40%.

For the full year of 2017, top-line revenue increased by over 50%.
Eyelit realized growth in all key business segments, with year-over-year
recurring revenue growth of over 20%, and with software license and
services revenue both increasing by over 90%.

“2017 was great year for Eyelit,” stated Dan Estrada, Vice-President of
Sales and Marketing, Eyelit. “We are very happy with the execution of
our strategic global expansion driving over 50% total revenue growth and
another new company revenue high. The steady increases in recurring
revenue also bode well for continued company growth. We are already off
to an excellent start for 2018, projecting additional growth in the
first quarter of 2018.”